Akzo Nobel To Review Third PPG Proposal

By Tonya GarciaMarketsMarketWatch Pulse

Akzo Nobel N.V. said that it will consider the third unsolicited proposal that it has received from PPG Industries Inc. , in accordance with the Dutch governance code. PPG raised its offer for the second time to EUR96.75 per share (about $105) from the previous bid of EUE88.72. Akzo Nobel rejected the previous bids, saying they were too low. Akzo Nobel shares are up 37.6% for the year so far, while PPG shares are up 11.8% for the period. The S&P 500 index is up nearly 5% for 2017 so far.

Copyright © 2017 MarketWatch, Inc.

Continue Reading Below